1、M IdeaGreater China Technology Hardware|Asia Pacific2025 OCP Global Summit Scale Up the Key FocusThe AMD Helios rack(ORW),800 VDC power architecture,Google Deschutes 2MW CDU,and ESUN networking are four major releases at OCP this year.The ongoing efforts remain to scale up and accelerate power-effic

2、ient large-scale(gigawatts above)AI data center infrastructure builds in upcoming years.Morgan Stanley Taiwan Limited+Sharon ShihEquity Analyst Sharon.S +886 2 2730-2865 Howard KaoEquity Analyst Howard.K +886 2 2730-2989 Derrick YangEquity Analyst Derrick.Y +886 2 2730-2862 Samantha ChenResearch Ass

3、ociate Samantha.C +886 2 2730-2876 Irene YenResearch Associate Irene.Y +886 2 2730-2869 Vivi HuangResearch Associate Vivi.H +886 2 2730-2860 Greater China Technology HardwareAsia PacificIndustry ViewIn-LineThe Open Compute Project(OCP)Global Summit was hosted in San Jose,US on October 13-16.Of the 1

4、29 companies(up from 99 last year)(Exhibit 1)that had booths at OCP,27 were Taiwanese(up from 22 last year)(Exhibit 2).With the continuous increase in compute performance and demand,the key focus areas this year were placed on mechanical,networking(ESUN,CPO,etc),power(800 VDC),and cooling solutions(

5、two-phase cold plates,immersion,etc).Every ODM/OEM showcased their AI server or AI rack solutions,including AMDs(covered by Joseph Moore)newly launched Helios rack architecture and working GB300 trays,which are still air-assisted liquid cooled.Our major takeaways follow.Morgan Stanley does and seeks

6、 to do business with companies covered in Morgan Stanley Research.As a result,investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research.Investors should consider Morgan Stanley Research as only a single factor in making their